Rain Neuromorphics Inc. Asset Profile

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Year established

2017

Location

Redwood City CA US

Primary Industry

Hardware

About

Founded in 2017 and based in California, US, Rain Neuromorphics Inc. operates as an AI (artificial intelligence) chip company. The company was founded by its CTOs, Jack Kendall, Gordon Wilson, and Juan Claudio Nino. In May 2024, Epic Venture Partners raised USD 8.1 million in Series A funding for Rain Neuromorphics Inc. The round was part of a larger USD 25 million in Series A funding. As of 2024, the company is led by its CEO, William Passo. Rain Neuromorphics offers artificial intelligence-enabled, energy-efficient hardware products with the help of digital in-memory computing technology. The company provides AI accelerator chips for semiconductor companies. The company plans to use the funds raised in May 2024 to support the technological advancement of its platform.

Current Investors

FundersClub, Soma Capital Management, Airbus Ventures

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Primary Industry

Hardware

Sub Industries

Hardware, Semiconductors

Website

www.rain.ai

Verticals

Artificial Intelligence, Manufacturing

Company Stage

Series A

Total Amount Raised

Subscriber access only

Deals

Deals Type
Secondary Stock Purchase

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Rain Neuromorphics Inc.	30 Nov 2023

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